With this write up we want to justify that Qnet is doing mlm business without crossing any legal limits. There are number of negative qnet reviews have been published on our rival’s online portals like Moneylife.com, and thus they misguide our customers. This article is must read for those who have been misguided by posting such fake stuffs about Qnet India. Here we provide reasons which make you believe that Qnet is doing business without breaking any laws in India.
Legal Provisions for MLM Business in India
There are no particular provisions for Multilevel Marketing and Direct Selling Business in India. However, constitution of India has provided with two acts which is must follow for any mlm company in India. First one is MRTP – Money Rotation Trade Practice Banning Act 1969, and second one is PCMC – Prize Chit and Money Circulation Banning Act 1978. According to these provisions Indian constitution considers direct selling business as pyramid or ponzi schemes with money rotation policies. Qnet India is a genuine mlm company and its business plans have product based policies instead of money rotation strategies.
Does Qnet Has Registered Office in India?
Before making investment in any multilevel marketing company, it is better to investigate whether company has registered office in your area. There are many fraud mlm companies with no legal foundation and such companies often affect an image of ethical mlm companies like Qnet. We have registered office with limited liability under the laws of India at Park Landing, 5AC, #709, 2nd block, HRBR Layout Extension, Outer Ring Road, Kalyan Nagar, Bangalore-560 043.
Legal Provisions for MLM Business in India
There are no particular provisions for Multilevel Marketing and Direct Selling Business in India. However, constitution of India has provided with two acts which is must follow for any mlm company in India. First one is MRTP – Money Rotation Trade Practice Banning Act 1969, and second one is PCMC – Prize Chit and Money Circulation Banning Act 1978. According to these provisions Indian constitution considers direct selling business as pyramid or ponzi schemes with money rotation policies. Qnet India is a genuine mlm company and its business plans have product based policies instead of money rotation strategies.
Does Qnet Has Registered Office in India?
Before making investment in any multilevel marketing company, it is better to investigate whether company has registered office in your area. There are many fraud mlm companies with no legal foundation and such companies often affect an image of ethical mlm companies like Qnet. We have registered office with limited liability under the laws of India at Park Landing, 5AC, #709, 2nd block, HRBR Layout Extension, Outer Ring Road, Kalyan Nagar, Bangalore-560 043.
